- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Ebay sniping
Collapse
X
Collapse
-
-
Originally posted by AtW View PostMaximum bids change depending on competition"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
-
Comment
-
Originally posted by AtW View PostListen, if they are willing to pay more than me why do they snipe? They could have bid their higher amount from start of the auction or after they saw my bid, yet they did not do that, why? Because clearly they did not want to pay much - their whole strategy is based around denying other bidders chance to bid, that goes against basic auction principles - it is a high anti-competitive practice and should be illegal.
Perhaps auctions should end randomly 1-3 hours before "estimated" end date.
It is not to deny other bidders the chance to bid (that is not within their power, it is you yourself who did that), it is to take advantage of other bidders who foolishly do not bid as much as they are willing to pay.
Their strategy is optimal: your strategy of not bidding as much as you are willing to pay is sub-optimal, because it can lead to your losing an auction at a bid less than you are willing to pay. You could have prevented this by using the optimal strategy of bidding your max at the start.
The problem is error on your part (confusing the type of auction with another type). The solution is not for eBay to change their type of auction, nor for the government to make sniping illegal; the solution is for you to change your behaviour to an optimal strategy.Comment
-
Originally posted by Moscow Mule View PostJaysus - what a crazy concept...
All the winning plebs see is the £70 they picked up a PS3 for. All the losing plebs just see their 50p bids down the toilet.
I hear people are losing money hand over fist on this site...Older and ...well, just older!!Comment
-
Originally posted by expat View PostIt is not to deny other bidders the chance to bid (that is not within their power, it is you yourself who did that), it is to take advantage of other bidders who foolishly do not bid as much as they are willing to pay.
a) sellers as they won't get as high sale price as they would in case of honest bidding
b) ebay gets less money
c) honest bidders like me tell ebay to fook off until they sort this problem out
Winners? Snipers. Losers? Everyone else. Not exactly a balanced marketplace.Comment
-
Originally posted by EternalOptimist View Postwhat is this ebay ?
Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
-
Originally posted by AtW View PostNo, the primary reason for bidding at the last minute is to deny ability to respond to the bid. Additionally by NOT bidding during auction this depresses other bids as other people don't bid as much - the end result is that the final sell price lower than it would otherwise be. Therefore such approach will hit:
a) sellers as they won't get as high sale price as they would in case of honest bidding
b) ebay gets less money
c) honest bidders like me tell ebay to fook off until they sort this problem out
Winners? Snipers. Losers? Everyone else. Not exactly a balanced marketplace.
Older and ...well, just older!!Comment
-
Originally posted by AtW View PostNo, the primary reason for bidding at the last minute is to deny ability to respond to the bid. Additionally by NOT bidding during auction this depresses other bids as other people don't bid as much - the end result is that the final sell price lower than it would otherwise be. Therefore such approach will hit:
a) sellers as they won't get as high sale price as they would in case of honest bidding
b) ebay gets less money
c) honest bidders like me tell ebay to fook off until they sort this problem out
Winners? Snipers. Losers? Everyone else. Not exactly a balanced marketplace.
"Additionally by NOT bidding during auction this depresses other bids as other people don't bid as much" - this is presumably the reason why you do not bid as much as you are willing to pay right from the start. I.e. you are playing the same game. You're just sore because you lost that game.Comment
-
Originally posted by ratewhore View PostDeal with it...Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment